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HomeMy WebLinkAbout1999-009 EDAR1 Commissioner Ed Nelson introduced the following resolution and moved its adoption: EDA RESOLUTION NO. 99 -09 RESOLUTION APPROVING THE ACQUISITION OF REAL PROPERTY LOCATED AT 6912, 6932 AND 6935 JUNE AVENUE NORTH AND ACCEPTING SALES CONTRACTS FOR SAID PROPERTIES WHEREAS, the Economic Development Authority in and for the City of Brooklyn Center (EDA) is authorized, pursuant to Minnesota Statutes, Section 469.012, Subdivision 1 clause (7), within its area of operation, and without the adoption of an urban renewal plan, to acquire real property and to demolish or remove the buildings and improvements thereon; and WHEREAS, the owner has voluntarily offered a sales contract for the purchase of the property at 6912 June Avenue and legally described as: Lot 10, Block 1, Lane's Brooklyn Center Addition; and WHEREAS, the owner has voluntarily offered a sales contract for the purchase of the property at 6932 June Avenue North and legally described as: Lot 12, Block 1, Lane's Brooklyn Center Addition; and WHEREAS, the owner has voluntarily offered a sales contract for the purchase of the property at 6935 June Avenue North and legally described as: Lot 2, Block 2, Lane's Brooklyn Center Addition; and WHEREAS, the buildings located on the aforementioned properties are substandard and obsolescent within the meaning of Minnesota Statutes, Section 469.012; and WHEREAS, the sale price of each property is $105,000; and WHEREAS, the EDA Board of Commissioners has determined that it is in the best interests of the EDA and the public to acquire certain real estate located at 6912, 6932 and 6935 June Avenue North. NOW, THEREFORE BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota as follows: 1. The EDA hereby finds and determines that the properties are substandard and obsolete within the meaning of Minnesota Statutes, Section 469.012. 2. The EDA accepts the terms of the sales contracts for the properties at 6912, 6932 and 6935 June Avenue North. 1 RESOLUTION NO. 99 09 March 8 ,1999 3. The Brooklyn Center Economic Development Authority hereby authorizes the acquisition of' 6912, 6932 and 6935 June Avenue North for the purchase price of $105,000 each and additional closing costs as required by the sales contract. Date The motion for the adoption of the foregoing resolution was duly seconded by commissioner Robert peppe and upon vote being taken thereon, the following voted in favor thereof: Myrna Kragness, Kay Lasman, Ed Nelson, and Robert Peppe; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.